Royal Bank Of Canada Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price cut by stock analysts at Royal Bank Of Canada from $93.00 to $86.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the information technology services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 32.89% from the company’s current price.

A number of other analysts have also commented on the company. Robert W. Baird boosted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Stephens reduced their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, September 30th. Jefferies Financial Group lowered their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Finally, KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.53.

Fidelity National Information Services Stock Up 0.1%

Shares of NYSE:FIS opened at $64.72 on Thursday. The company has a 50 day moving average price of $66.31 and a two-hundred day moving average price of $73.92. The company has a market capitalization of $33.81 billion, a PE ratio of 359.56 and a beta of 1.01. Fidelity National Information Services has a 52 week low of $59.51 and a 52 week high of $89.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the stock in a transaction on Wednesday, October 15th. The stock was acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the transaction, the director directly owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $347,000. Brown Advisory Inc. raised its stake in Fidelity National Information Services by 16.7% during the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider’s stock worth $24,594,000 after buying an additional 47,086 shares during the last quarter. Greenleaf Trust lifted its holdings in Fidelity National Information Services by 12.1% in the first quarter. Greenleaf Trust now owns 4,244 shares of the information technology services provider’s stock valued at $317,000 after buying an additional 457 shares during the period. Linden Thomas Advisory Services LLC boosted its position in Fidelity National Information Services by 5.9% during the first quarter. Linden Thomas Advisory Services LLC now owns 19,788 shares of the information technology services provider’s stock valued at $1,478,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Stonebrook Private Inc. grew its holdings in Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock worth $1,824,000 after acquiring an additional 146 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.